Gross domestic product grew by 4.2 per cent in 2007

According to Statistics Finland’s revised
preliminary data, the volume of Finland’s GDP grew by 4.2 per
cent in 2007. Previously the growth was estimated to reach 4.5 per
cent. Gross domestic product totalled EUR 180 billion.

The slight downward revision of the previously estimated growth
rate of gross domestic product in 2007 was mainly caused by updates
received to data describing agricultural, municipal and insurance
activities. At the same time Statistics Finland was making minor
revisions to national accounts data from 1994 onwards.

All demand items in the national economy went up in 2007. The
volume of investments grew by 8.7 per cent, the fastest rate in the
2000s. Consumption went up steadily by 2.5 per cent. The volume of
exports grew by 8.1 per cent and that of imports by 6.5 per
cent.